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Hyperliquid just hit its highest TVL since October 11th
New all-time high feels pretty close now
On top of that, the USDC deal routes 90% of Circle's reserve yield straight into HYPE buybacks
At current levels, that's around $135M–$160M a year in fresh buying pressure. Once TVL gets to 10B that would put us to $270M–$320M annually in fresh buying pressure
Hyperliquid